Punt to Win
Horse Racing Media Tipsters
Betting Tips Myths to Avoid
This horse is a "bet to nothing."
I heard that the other day when a tipster pronounced a horse as an each way certainty.
What is a "bet to nothing"?
The general view about this betting myth is that the horse is a place certainty, (guaranteed to finish in the top three), and at good enough odds so if you bet equal amounts for a win and a place, should your win bet lose you will recover your losses on that bet by getting even money for your place bet.
Ask yourself this question. Why be silly enough to risk your money for win bets on these horses when all you have to do is back these horses for a place each time and you can't lose?
I think that dispels the myth of a "bet to nothing."
What happens in reality is that often the punter not only loses the win bet but the loss is doubled because the horse also failed to run a place.
Just as there is no such thing as a win certainty so there is no such animal as a place certainty.
A "bet to nothing" DOES NOT EXIST.
This edition of Punt to Win:
2005 Melbourne Cup Carnival Winners
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